Brookfield Infrastructure Announces Series 3 Redemption Plan
BROOKFIELD, News - Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP) has announced its intention to redeem all outstanding Cumulative Class A Preferred Limited Partnership Units, Series 3 (the “Series 3 Preferred Units”). This strategic decision aims to enhance their portfolio's financial positioning.
Details of the Redemption
The redemption of Series 3 Preferred Units, set for December 31, will occur at a price of C$25.00 per unit. Investors holding these units as of a specified record date will benefit from a previously declared quarterly distribution, amounting to C$0.34375 per unit, ensuring a smooth transition for stakeholders.
Impact on Investors
This decision demonstrates Brookfield Infrastructure's commitment to maintaining a robust cash flow and optimizing its capital structure. The ability to manage outstanding units effectively is crucial for the company's long-term sustainability and growth.
About Brookfield Infrastructure
Brookfield Infrastructure stands out as a leading global player in the infrastructure domain, holding and managing high-quality assets across utilities, transport, midstream, and data sectors worldwide. With a keen focus on regulated and contracted revenues, the company generates predictable and secure cash flows, making it an attractive option for investors.
Investment Opportunities
Investors can engage with Brookfield's portfolio through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC). These entities provide access to Brookfield's diversified range of assets that contribute to stabilizing income streams.
Parent Company Overview
As the flagship publicly traded infrastructure entity of Brookfield Asset Management, a premier global alternative asset manager, Brookfield Infrastructure boasts over $1 trillion in assets under management. This scale offers substantial leverage when navigating the ever-evolving infrastructure landscape.
Commitment to Excellence
Brookfield's management has cultivated a deep expertise in acquiring and operating assets that meet rigorous standards, seeking optimal performance and value creation for their stakeholders. This philosophy ensures a dedicated approach to infrastructure management.
Contact Information
For any inquiries regarding media or investor relations, interested parties can reach John Hamlin, Director of Communications, at +44 204 557 4334 or via email. Also, Stephen Fukuda, Senior Vice President of Corporate Development & Investor Relations, is available at +1 (416) 956 5129 for investor-related questions.
Frequently Asked Questions
What is the purpose of the Series 3 Preferred Units redemption?
The redemption aims to optimize capital management and enhance cash flows for Brookfield Infrastructure.
When will the redemption take place?
The redemption of Series 3 Preferred Units is scheduled for December 31.
What is the value of each redeemed unit?
Each Series 3 Preferred Unit will be redeemed at C$25.00.
How does this affect investors of Brookfield Infrastructure?
Investors will receive a final distribution of C$0.34375 per unit prior to the redemption.
Who can I contact for more information?
Contact John Hamlin for media inquiries, or reach out to Stephen Fukuda for investor relations guidance.
